Globalization is now at its most disjunctive phase in human history. The planetary COVID-19 crisis has combined with the vulnerabilities of global capitalism to break down social routines. Yet, the current moment of the Great Unsettling also offers a critical opportunity to take stock of the present state of globalization. To this end, this article revisits and re-engages some pertinent themes raised in the pathbreaking 1990 TCS Global Culture issue. In particular, the article explores the crucial role of structural divergences that have been developing among major formations of globalization. Gaining a better understanding of the current globalization system requires a new conceptual framework that captures different formations of globalization, ranging from the embodied to the disembodied. The multiple disjunctive relationships that have developed among and within these formations shape not only the morphology of the contemporary globalization system but also cast a long shadow on its future dynamics.