The Brits may have cut back on their military, but so has Argentina. Any attempt at Falklands War 2.0 would end disastrously for Argentina. There is also the fact that the Brits have no reason to turn the Falklands and their British inhabitants over to the rule of a senile puppet.
Yep. The Argentine junta proved exactly why the British government won’t hand their subjects over to a country with an unstable government and a history of murdering its own citizens.