If the PSU is that crappy, then yes. But these things are supposed to come with over voltage protection, current limiters, resettable fuses etc at the output. Even bad ones are not supposed to cascade their failure to the rest of the system.
But let's think of a better option. What if all spare parts came with an expiry date and a service schedule? On top of giving us a baseline to retire the part, the manufacturer will also be forced to divulge an indirect quality score (useful lifetime) and compete with others on it. If this sounds too fantastic, we sort of had this in operation half a century ago. I don't think a lot of people remember that era.
Oh neat, I was not aware. In the 70’s then, computer parts came with an expiration date? I wonder why they stopped, was it a tradition inherited from car, radio, or appliance parts, or something, where the idea of a wear-part is (or at least was) somewhat more developed?