The point is that no private organization could ever cause as much destruction and injustice as government -- it's just not logically possible. Even when government employs coercion (wrongly) on behalf of a private organization, it is government that ultimately holds the key, not the private organization.
Poor credit ratings can hurt a person far worse than a IRS audit can these days. Why?
Because employers, apartments, housing, cars, and to some regard school is now determined by your credit.
(not that its harder to hire people with good credit these days, but its still considered a black mark)
And credit is purely a three corporation deal not handled by the government.
So if they wanted to for some unknown reason, they could blackball you from ever getting a good job again unless you play by their rules.
So yes, they seem to have reserved a special right in that regard when it comes to your well being.
Also health insurance... Companies have been leveraging the threat of going without health insurance for some time. Its one of the reasons many people put up with employee abuse when it comes to forcing them to do things beyond the scope of the original agreement.
Its not said, but it weighs on everyone's mind when they think about saying "no" to unreasonable demands of an employer or when thinking about taking a new job from a non-corporate who doesn't give benefits.
If there was universal healthcare in the states like France or Canada, then employers would have a harder time forcing employees into doing things they'd unethical things or simply the fear of not being able to pay medical bills.