How do you explain the blockchain to people who have a basic understanding of economics, but know nothing about technology? This is what I came up with:
The Blockchain is the first economic revolution that could actually be successful in decentralising the means of production instead of centralising them in the hands of a few companies (capitalism) or one government (socialism). While today's economy depends on middleman such as Paypal, Airbnb, Uber and eBay that take huge cuts for providing a platform as a necessary mean of production, the brokers of tomorrow will be Blockchains that are owned by nobody and can establish trust between two parties while transferring the whole value of a transaction between them instead of redistributing a part of it to the middleman in power and increasing the economic inequality by doing so.