"...it does not, of course, necessarily follow that Shakespeare's audience would have valued individual rights over the interests of the state, or would have associated political obedience with the abuses of facism (Yachin 40)"
I think it is good to remember that the facts of history do play a huge part in interpreting a text. It doesn't necessarily have to be the only way, nor should it, but to fully comprehend the deeper meanings and issues of a text history should be acknowledged. There is always the possibility of making an historical piece of literature our own, but we miss the implications of its past, and our own, if we completely ignore the time inwhich it was written. The original audience is relevant to the understanding of the work. Shakespeare was writing for his peers and the audience of 1611, not for the audience of 2009. The political connotations of today are not the same as they were then. I think sometimes it is difficult for us to remember that, because we have become so ingrained in our own culture and political circumstances.