The reality is that NAT has greatly improved the security of the internet, because before NAT people were exposing everything, including services like Windows file sharing, to the internet. NAT enabled those people to use multiple devices in their home and in return prevented them from unwittingly hosting things to the internet, which causes them to be hacked and turned into bots that harass the rest of the internet. Yes that still happens but not at the scale it happened before everyone was behind a NAT perimeter. If you want to see what could happen look up the SQL Slammer worm and imagine what could have happened if such a worm would have targeted a service more common than SQL Server.
It’s really nice to be able to host things on a consumer connection but it requires thought and management that most consumers just can’t and won’t care to provide and the damage they can cause is not only to themselves but to the rest of the internet as well. This capability really is better off by default.
And all those handwavy ‘workarounds’ for the ‘cargo cult mentality’, you typically can’t tell everyone on your network how to manage their computer to ‘just have their services listen on the local address’ and you can’t ‘just change the defaults of all routers’. But NAT makes it impossible for the default to be wrong and that is its great advantage.
Sure NAT has a lot of disadvantages and breaks the original idea of the internet with every host equally able to host services. But just as Postel’s law just doesn’t work out, every host being able to host services doesn’t work out. Because the internet is not a playground full of friendly colleagues and hasn’t been for a long time. It’s a war zone that requires strong, watertight defenses by default. And if you’re smart and careful enough to safely host a service to the internet, surely you can manage to forward a port.