That is the argument forwarded by play writer Sulayman Al-Bassam in his article, The Bard of Basra who wrote the Al-Hamlet Summit and is currently working on an adaptation of Richard the Third (Baghdad Richard). Money quote:

It is in this game of cat and mouse between theatre and the thought police that Shakespeare’s texts come up trumps. The texts are dicey, metaphorical, slippery; they say and they don’t say, they offend without offending, they are the perfect simulacra, the ultimate mask.