Excerpts from an article by Randy Shaw in Beyond Chron:
(T)he notorious Koch Industries – run by the type of corporate plutocrats who battled FDR – are described in the October 19 New York Times not as selfish profiteers but as “longtime underwriter of libertarian causes.” Hedge fund manager Paul Singer, another large right-wing donor, is also described as “active in promoting libertarian causes.” But neither Singer, the Kochs or any other of these right-wing plutocrats are supporting any candidate that supports abortion rights, gay and lesbian rights, and the legalization of marijuana – three core libertarian principles. Nor do their candidates oppose overseas wars, another longstanding libertarian view.
Ed Clark is the most successful Libertarian Party candidate in history, winning over 1% of the national vote in the 1980 presidential election and 5.46% of the vote in the 1978 California Governor’s race. His candidacy attracted a mixture of right and left, winning the support of those who wanted less government in both the economic and social components of people’s lives.
Clark’s 1980 running mate was David Koch of Koch Industries, one of the Koch brothers who are the primary funder of right-wing political organizations and candidates. David Koch later realized that he could accomplish his goal to reduce or end government regulation of his businesses through funding Republicans, and did not mind that those he now backed were the opposite of libertarian on non-economic issues.