Critical reception for Mr. Krabs has been mixed, with most criticism directed at his parsimony and the lack of realistic consequences he faces for it. In 2014, Spanish professor
Pancracio Celdrán criticized the positive portrayal of Mr. Krabs' stinginess in front of young audiences. Economist Sarah Newcomb described Mr. Krabs as a negative stereotype, writing in the
Wiley book
Loaded that "
King Midas,
Ebenezer Scrooge,
Mr. Burns, and Mr. Krabs are the same recycled character, representing the person who cares for money above all." Polish scholar
Barbara Czarniawska disliked the heroic portrayal of Mr. Krabs in the second
SpongeBob film, despite being "a ruthless capitalist who exploits his customers and his workers alike." She later criticized how the show seemingly normalized the character's use of "legal forms of manipulation and exploitative power relations in business." Conversely, political activist
Howie Klein of
The Huffington Post offered a more positive interpretation of the character, saying in 2006 that Mr. Krabs is not "exactly an evil villain; he's just a greed-obsessed Republican type." Klein interviewed SpongeBob's voice actor
Tom Kenny on the topic; Kenny compared Krabs to oil businessman
Erle P. Halliburton, then called the character a comedic representation of "unchecked, unthinking, unregulated capitalism. Everything [to Krabs] is about the bottom line, not about what's socially responsible." In his 2011 book
SpongeBob SquarePants and Philosophy, political scientist Joseph J. Foy discusses Krabs' antagonistic side over several chapters. Foy argues that Krabs, not Plankton and Karen, is the true evil character in the series. He also notes his problem with Mr. Krabs' character that "Krabs never seems to learn from the suffering he undergoes, or from witnessing the pain and struggles he inflicts on others."
Newsdays Meghan Giannotta wrote positively of the character in a 2016 article: "Mr. Krabs ... may be known for being cheap, but he's also determined and a good friend and father. He'll do whatever it takes to make his daughter Pearl happy and he goes to extreme measures to help protect his fast-food business." In a review of the season four episode "
Have You Seen This Snail?," television critic
Tom Shales described Krabs as "good-natured" and as one of "the things people love about
SpongeBob." Paul Mavis of
DVD Talk named the Krabs-centric episode "
Krusty Krab Training Video" one of the series' best, calling its humorous portrayal of Mr. Krabs' backstory the highlight. Basketball player
LeBron James has stated that if he "could be any character on the show, [he] would be Mr. Krabs." Cartoonist
Michael Cavna commented on James' high opinion of Krabs, writing in
The Washington Post that he found it intriguing how "the gazillionaire NBA hoopster cites his respect for ... the show's resident tightwad." Mr. Krabs is also the favorite
SpongeBob character of football running back
Cedric Benson. ==In other media==