A system that can put into power the candidate for whom the majority of the electorate did not vote is not a "counterbalance." It's just a subversion of the will of the people. It is tyrannical, and nothing more.
You do realize that, agree or disagree, the effect of the electoral college is by design?
Yes. Indeed, the U.S. system of government was designed by elitist oligarchs who didn't want blacks, women, Native Americans, poor people, or anyone who wasn't a rich white land-owning male, to participate in government. That was by design, too.
The fact that it was by design does not mean it was, or is, not tyrannical.