The Libertarian Party formed in the 1970s and served an important function of separating libertarianism from the right wing, which had become increasingly statist. By educating the public about libertarian ideas through political campaigns, the Libertarian Party ensured that most politically aware Americans understood and respected libertarianism by the early 1980s. However, after losing Koch funding and becoming more culturally leftist, the Libertarian Party became increasingly irrelevant despite having established libertarianism as a respected ideology.