The plane's airworthiness certificate depends on certain behavior while approaching stall and the new larger and more forward engines on the MAX changed the behavior of the machine in such way that would make it very difficult for the crew to bring the nose down at high angles of attack and high thrust.
The engines on the MAX are forward of the CoG, so they are pushing the nose up as you add thrust - exactly what you do not want when approach a stall. MCAS has been added to help with this - to help the crew push the nose down in such situation by using the stabilizer trim.
The older NG doesn't have this issue because the engines are both smaller and more to the back, so the pitch-up moment is smaller, even though it is still present. This is an inherent issue with underslung engines, all planes with engines mounted under and ahead of the CoG have this issue.
>If it is the case that 737 MAX is not actually airworthy without a functioning MCAS then Boeing has fucked up an order of magnitude worse than even they appear to have at this point.
That's BS. By that logic no Airbus or any fly-by-wire plane could ever be certified - they actually require the computer augmentations to fly. Even the 737 NG has a similar trim system that automatically trims the plane depending on speed, angle of attack and what not.