I am not a publishing reform radical. I value the traditional model of subscription journal publishing and have invested time and effort in making peer review work.* I suspect that lots of people in similar positions are among the majority of mathematicians who have not signed the boycott declaration yet.
So, why do I think we should boycott Elsevier?
The mathematical scholarly community operates under a strong social compact — this is one reason so many of us do so much for free. With very rare exceptions, mathematicians hold themselves to a higher standard than the minimal criterion of what they can get away with. So should the publishers we deal with. Scholarly society and university press publishers, for the most part, do. Springer used to but is in transition. Elsevier does not. Elsevier has demonstrated again and again that it will cross the boundaries of acceptable behavior on pricing, on editorial integrity, on legislative lobbying.
None of what Elsevier does is illegal. There is no law against running a journal as Chaos, Solitons and Fractals was run. There is no law against political donations to elected officials who bring forward advantageous legislation. There is, apparently, no law against bundling and ruthless pricing that produces a profit margin in line with what monopolies achieve.
There is, however, social sanction — if we’ll use it. I won’t deal with Elsevier as if it’s part of the mathematical community when it shows little commitment to the standards of behavior that membership implies.
*I was co-editor of Proceedings of the LMS from 2003 to 2008, and am currently a managing editor of Compositio Mathematica.