One purpose of the electoral college is to keep small states relevent in national decision-making. I am a huge advocate of individual rights as well as a Libertarian, but I also think that removing the Electoral College might turn the election into a contest to win the coasts, rendering less populous states largely irrelevent in the larger scheme of things. More than anyone, that would hurt Midwest farmers, as well as Alaska and Hawaii.
I think the college was put in place by our Founding Fathers for a reason, and any attempts to remove or amend it should be done in a fashion that encorporates the broad spectrum of opinions in the American political sphere.
Wer mit Ungeheuern kämpft, mag zusehn, dass er nicht dabei zum Ungeheuer wird. Und wenn du lange in einen Abgrund blickst, blickt der Abgrund auch in dich hinein. -Friedrich Nietzsche, Jenseits von Gut und Böse