It's true that the Kleisli category gives a composition law from a monad, but let's not lose sight: the point isn't whether there is a conceivable way to compose things, but whether a monad is just a monoid of functions under composition.
Monads are like a monoid at the type level plus a bunch of coherence rules. For every type a, there is a "composition" m (m a) -> m a and a "unit" a -> m a. (Compare with a monoid, where there is a composition m x m -> m and a unit {1} -> m.) Also, the composition must be natural in the sense that whenever there is a map f :: a -> b then you have a bunch of "commuting squares": the composition m (m a) -> m (m b) -> m b must equal m (m a) -> m a -> m b and the composition a -> m a -> m b must equal a -> b -> m b. (Some of these maps are fmap f or fmap (fmap f).)
The naturality thing is important and shows up quite a lot, and category theory was invented to understand naturality. It's sort of a higher higher order functional programming.
Monads are like a monoid at the type level plus a bunch of coherence rules. For every type a, there is a "composition" m (m a) -> m a and a "unit" a -> m a. (Compare with a monoid, where there is a composition m x m -> m and a unit {1} -> m.) Also, the composition must be natural in the sense that whenever there is a map f :: a -> b then you have a bunch of "commuting squares": the composition m (m a) -> m (m b) -> m b must equal m (m a) -> m a -> m b and the composition a -> m a -> m b must equal a -> b -> m b. (Some of these maps are fmap f or fmap (fmap f).)
The naturality thing is important and shows up quite a lot, and category theory was invented to understand naturality. It's sort of a higher higher order functional programming.