Everyone can, all toddlers do it. They don't bend over to pick things up, they squat down.

Having long tibia and short femurs help getting the angle right, but that's really only important for olympic weightlifting (smaller angles to change => faster transitions between the pull and the catch).

tl; dr - most of us westerners are fat and lazy and could do the 3rd world squat if we didn't prefer chairs.