The term disruption has become a buzzword for our times, although there is little clarity over what the term means, how it is deployed, and towards what ends. In order to understand the analytical and political stakes that are embedded in the deployment of ‘disruption’ as a rationale for various sources of upheaval, in this article I argue that these three terrains of disruption should be understood as theories of governance, and term them ‘disruption from above’, ‘disruption from the middle’, and ‘disruption from below’. Each terrain of disruption embodies different ethoses, actors, and goals: the first connoting elite-driven creative destruction and innovation; the second obfuscating the capitalist imperative that produces world-systemic upheavals; and the third seeking to expose the structures of violence and inequality built into such practices. I illustrate these three terrains through a structural account that traces the popularity of the disruption discourse from its origins to its material application; analyse an illustrative example of the assetisation of infrastructure and how it bureaucratises governance and shifts relations of power; and conclude by examining infrastructural forms of protest against such forms. I argue that the confusion over what disruption means, who exercises it, and upon whom is not a coincidence: rather, disruption's polysemy is structurally produced as a way to disguise ongoing capitalist crisis as a technical problem that market innovations can solve.