I don't think so. I have the latest installed and it's running fine over here. Demos, too. There are bugs, but MAX is running. Even exported a standalone game to test.
BTW - It helps to report a few things like your system specs and that run time error so that people can help you out. It doesn't sound like MAX is busted, but something else. Perhaps time for a clean install? Or at least try to re-download it.
Intel i9-10900K 5.10GHz, 64 GB RAM, Nvidia GTX 1080 ti 11GB, Windows 10 64-bit, dual monitor display