All politics aside, if you can manage it; the simple truth is Joan OWNS this song. Her version, sung with her voice of that time is the best I’ve ever heard.
This has zero to do with her stated beliefs about government.
Another example of someone covering a song not their own and wearing it like a fine mink stole, would be
Whitney Houston singing “I Will Always Love You”, written by Dolly Parton. Dolly has a lovely singing voice as Porter Wagoner could have told you, but Whitney re-imagined and rearranged the structure, the emphasis of this song and made it all hers.
It’s not a woman’s song. I never liked her doing it.
The very first word of the lyrics to this song eliminates women form singing this song.
I have The Band’s version on my iPod.
Not hers.