Certainly. He pushed every wrong button. But even in that situation, Britain could easily have realised that Germany would never be able to match the Royal Navy (not even close), and that siding with Germany in exchange for Wilhelm II abandoning his naval/colonial ambitions (which by then had been proven economically unfeasible) could have solved all major problems immediately.
It would produce a short war, in which both France and Russia would be decisively beaten, and this combined with a British seat at the victors' table could ensure a decent peace settlement.
Chamberlain (no, not that one; actually his dad) had proposed as much. The South African debacle and his political role at the time ironically made him the most hated Briton in Germany, when he was in truth the foremost champion of Anglo-German alliance.