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(Okay, yeah, I have no idea if I used pants right, just a phrase I heard during the World Cup! Sorry. :) )
Those are all constantly debated questions, and you'll get lots of answers, most of them agreeing with you. Here are mine, and I'll disagree, on a couple of points, just for the fun of it.
First, there are several arguments to support the EC. You nailed one of them. The other is that it provides a buffer against a truly incompetent and possibly deranged candidate (see how well it works, though, eh?). Since, as I understand England, your PM is chosen by Parliament, you have a built in buffer. Since our president is in theory chosen by the states (not the voters, more in a second), the EC rpovides us with a filter. I believe that was part of the logic.
Another historical reason, not as valid now, was to give the states more power, back when the nation had a more federalist, states-rights, mentality.
But you nailed the arguments that undercut those arguments. It's just not that big a deal now, but no one wants to bother changing it. It's worked, mostly, so far, so there's no momentum to change it.
One more point a lot of people don't realize--there is nothing in our Constitution or law requiring the president to be chosen by election. The states choose the Electoral College reps however they see fit. Right now, in all states, that's by election. It can be changed. A couple of people have tried to amend the Constitution to require elections, but again, no momentum, and I suspect the majority of Americans don't even realize they have no right to vote for president.
Second, two party system. Our parties have primary elections, where the different factions of the parties at all levels of office --state, local, federal--choose which candidate is going to run, then we have the general election amongst the chosen candidates of each party. That's usually between two major parties, obviously. But our primaries are where the decisions about direction of party are made. I've heard it argued that are primaries are like your elections, and our general election is like your government forming its alliances amongst the parties, only our voters choose the alliances. That's not a direct parallel, but still, it's not as two party as it seems.
Third, I think voter apathy here is due to a lot of factors. Maybe the two party system plays a role. A bigger factor is tat people just feel detached from the process, like it doesn't matter anyway. I blame that on two things: corporate money, and the fact that our Congress has not grown with the population. The number of people each Representative represents is growing, and no one feels any connection. Our government officials aren't even people we can talk to, they are like distant celebrities that most people never expect to meet. I meet people who are in awe that I've seen our last two presidents in person, and spoken with Congresspeople. There is just no sense that the people really have any connection to our government.
My one grand change to the federal government wouldn't be the EC or the two party system. It would be doubling the number of Representatives and Senators. The mystique of these distant figures is just contrary to the whole idea of representative government. I want there to be so few people per representative that people get sick of talking to them. Make them into humans, and people will get more used to expecting them to listen. And it would immediately undercut the effects of corporate money.
Just my thoughts. Sorry they are long and jumbled.
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