where is any of this in the electrical code?
UL does not "approve" anything.
there is nothing inherently unsafe about using a power strip that does not have built in surge suppressors or circuit breakers.
there is nothing inherently unsafe about extension cords in general either, although the way they are used sometimes creates a hazard.
one of the reasons that people do not listen when we talk about electrical safety is because of nonsense like this. you cry wolf enough and people turn a deaf ear.
I concur wholeheartedly.
Powerstrips are UL listed as Remote Power Taps under UL 1363. They may or may not have over-current protection. See UL definition below:
3.3 RELOCATABLE POWER TAP (RPT) ? A RPT consists of one attachment plug cap and a single
length of flexible cord terminated in an enclosure in which receptacles may be mounted. Up to six
lengths of flexible cord, not exceeding 1-1/2 feet in length, may exit the enclosure with each length
terminating in a separate, single cord connector. A RPT may also be provided with suitable
supplementary overcurrent protection, switches, and indicator lights singly or in any combination. A RPT
containing three or more receptacles may also employ a transient voltage surge suppressor (TVSS)
and/or an electromagnetic interference (EMI) filter. A RPT may also employ a storage compartment to
store hand-held electronic devices and charging equipment such as a cell phone, cell phone charger,
and the like, when these devices are not in use.
The most common guidance that I have seen regarding power strip usage is typical found in university or large company electrical safety plans. Often they are more restrictive than permitted by UL without explaining the rationale.