Plus, I can't stop thinking about this:
In terms of "get off my back and let me be", private regulation is usually MORE onerous than government regulation. It can be, because it doesn't have to stop and worry about rights. It just boldly goes ahead.
Like the MPAA movie ratings system (PG, R, etc) - not a product of government - private regulation just says outright whether a 12-year-old or 16-year-old can watch a movie, without considering rights at all.
At times it can be wonderfully beneficial and work better than government - see
UL - but damn, a private auditor can fuck you way harder than a government regulator, and charges you for it!