Honestly? That part worked fine. The horror of the next generation of Germans being an inch or two shorter on average stopped small wars for the next 15 years or so.
It turns out that economic sanctions are more effective as a threat than as an action, unfortunately.
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But also, part of why it happened is that Wilson insisted on regime change as a war result, so the blockade was kept up until the Kaiser was overthrown, which was used to feed the stabbed-in-the-back narrative, so it's not the blockade, really, but the war aims.
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Pretty unfalsifiable claim you've got in there.
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No, actually, it's been studied. (I read a book about it.)
I'll grant I described it in maximalist terms, but the League of Nations threatening trade embargoes really did end several wars right after they started.
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