[gdxhyrd]

Kind of, yes.

Nowadays (for almost 20 years actually), Windows supports and encourages programs to deploy their dependencies in their own folder.

It is trivial to do for developers and works perfectly for users.

Some people claim security updates are a problem, but many apps do not deal with untrusted input for starters. For those that do, like browsers, servers or your office suite, you really should be using one that is supported and updated automatically.