Subsidies the answer to overfishing?

Amid discussions of sustainable fisheries and concerns about overfishing, Southern Fried Science asks whether the government should be providing subsidies to fisherman?

Supporting the concept is the precedent set by government subsidies for farmers, which ensures an employed workforce, puts limits on yields and production and restricts the amount of a given staple that can enter the marketplace.

On the other side lies the free market argument, which suggests that fishing has always experienced boom and bust cycles.