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Would a Trade War Help Solve the Problem of Excess Capacity?

Interesting article, but I tend to disagree with the conclusions. Savings is bad and savings rates have to come down - doesn't make sense to me. Over production happened as a result of the excess demand from the US. I would say demand destruction and supply destruction are better for the long term health of economies.. equilibrium will be re-established though the short to medium term pain will be excessive. Getting governments to consume because no one else will not work. China and other Asian nations do not have the vision or the government controls to do so. They are culturally short-sighted.