KrabbyPennies
Imitation Krab
I just experienced a revelation:
Between Mr. Krabs and Plankton, you could say that Plankton actually has the upper hand. Because he always attempts to steal the formula, he has instilled a sense of perpetual fear within Mr. Krabs. As we saw in "Plankton Paranoia," whenever Plankton does not try to steal the formula, he makes Mr. Krabs incredibly paranoid and drives him to the brink of insanity. Mr. Krabs's entire life is dictated by defending himself and his restaurant from that greedy green goober's plans. So while Plankton may still fail in stealing the formula, he has seemingly succeeded in asserting control over the crab's mental state...
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It's a real head scratcher when you think about it, and I love the idea you pointed out behind it!
I think it should be added though that Plankton seems just as obsessive as Krabs is about the formula. Plankton has been after that formula since the very beginning of the show, which means he's spent at least over 20 years getting his hands on it, and torments himself in each failure of obtaining. Most people at this rate would have accepted the defeat and moved on with their life. He never stops though, which kinda ties into the idea that Krabs is forced to live in fear to ensure Plankton keeps losing.
Personally, I think they both drive each other crazier with their antics against one another. It's an interesting dynamic in striving to control who has power between the characters.