States of emergency are usually approached separately in social, political, and economic policy spheres while they are generally tied to a concrete time frame: security, disasters, and economic crises are portrayed as discrete emergencies occupying specific periods. This paper shows that seemingly different and sometimes contradictory processes of states of emergency often intertwine with each other despite their variegated domains, scales, reasonings, and political endeavors. Moreover, their legacies and origins are found in the broader history of articulation of new forms of governance and accumulation of wealth. The paper presents two cases in Turkey that differ in terms of the violence they entailed while both exploited the same emergency declaration against disasters and the new Law No. 6306 on land grabbing. The first is a series of spectacular incidents in the southeastern Kurdish city of Diyarbakır and the second is an ethnographic study from Eskişehir, a mundane setting in western Anatolia. The study develops a historical–relational framework to examine how emergency governance operates through dual, interwoven logics of ruling and capital accumulation. This allows us to move beyond ready-made, reductionist understandings of contemporary emergency governance. Discerning institutionalization of states of emergency also shows their fragility and blurs the line between spectacular and non-spectacular.