The libertarian argument would suggest that if an electoral college is necessary to prevent the imposition of the will of the populated states upon the less populated states that it is time to move to nullification and secession. Any statement beyond that is mere pragmatism on the part of the party members.
https://www.quora.com/How-does-the-Libertarian-party-view-the-electoral-college-Are-there-any-reasons-if-they-do-or-do-not