It’s not /supposed/ to favor red states. However the formula for counting number of electors relies on the number of representatives in the house. That is fixed at 435 by law. To fix the electoral college, we’d have to remove that cap and it would work the way the founders intended.
We’d also have to end the popular vote and have all the states go back to having Electors appointed by the state legislatures. That’s what the founders really intended: something more akin to how prime ministers are chosen within a parliamentary system, but with added Federalism by delegating it to the states rather than Congress.
That whole Federalism part of it, which comes from the initial concept of the US being a confederation of sovereign States (kinda like the EU is now) rather than the single sovereign entity it’s mostly become, really was designed to balance power between large-population states and small ones at least a little bit, though. As such, I can’t entirely agree with your first sentence.
We’d also have to end the popular vote and have all the states go back to having Electors appointed by the state legislatures. That’s what the founders really intended: something more akin to how prime ministers are chosen within a parliamentary system, but with added Federalism by delegating it to the states rather than Congress.
That whole Federalism part of it, which comes from the initial concept of the US being a confederation of sovereign States (kinda like the EU is now) rather than the single sovereign entity it’s mostly become, really was designed to balance power between large-population states and small ones at least a little bit, though. As such, I can’t entirely agree with your first sentence.